The latest from Washington indicates the new target for the federal corporate tax rate is now 22.5%, rather than 15%. With the removal of the BAT as a revenue raising option, is the 22.5% even a possibility?
The optimism came hours after House Speaker Paul D. Ryan (R-Wis.) said in a New York Times interview Sept. 7 that Republicans are aiming for a corporate rate of about 22.5 percent. The rate was the most specific any Republican leader has publicly mentioned. It is also a signal that leaders recognize the rate can't be as low as they initially hoped.